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TFC Commodity Trading Forum

DOW... *PIC*

Dow and other indices are pecking at old highs, again. DOW 27000(270 degrees)...SP 3000...Nasdaq 8250(oddly, a halfway point) It looks as if it breaks above that...30K would be the next stop.

One of the benefits to using Gann's divisions of the circle as demarcation points is you can use them as "preordained" points of resistance and support as the price breaks into new territory...either up or down. These points are there all the time...forever...since the beginning to the end of time. They exist there because geometry puts them there.

Price has been uptrend since 2009's/6750(red trendline). Since the age of Trump price has gone up at a rate equal to or greater than 2 points per time per monthly time period(blue uptrend). Gann said price would be doing good to maintain the 1x1 over a long period of time so maybe price takes another bite at the apple and goes down to the red 1x1. Maybe it like going up at the Trumpian rate of 2x1 and goes on up at that rate.

Maybe everybody is waiting on the clowns at the FED to dictate direction with their proclamations of interest rates before the price can move above these points and continue higher or not. Whatever.

Messages In This Thread

DOW... *PIC*
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